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AMBER Follow up BO [WEEKLY]AMBER came up recently in my momentum scanner so I looked up some Fundamental numbers as I liked the chart and I wanted to share the same. This looks a like a good scrip to track as it ticks some boxes and gives a good gut feel for fundamental numbers to improve in upcoming quarters. On Relative Strength Scores : 23rd Aug - 50 30th Aug - 63 6th Sep - 65 13th Sep - 69 Certainly the stock has improving RS scores week over week so can be said is in momentum especially post seeing the chart with volumes on both daily and weekly timeframes. Some of the following Fundamental points might be good to know: FIIs have increased their stake from ~26% in March'24 to ~28.5% in June'24. Odds are since June stake has been increasing as well. June'24 QoQ numbers were phenomenal with 41% sales growth and 58% EPS growth. This comes post a bad run of QoQ performance in past few results. Hence good to keep track of as cyclicity might be kicking in here YoY numbers for year ended Mar'24 are not good enough, but since the play here is that upcoming quarters will be better, not looking too critically on YoY numbers. TTM numbers show decent growth on sales and EPS though.
NSE:AMBER
by HawkishDove
XAUUSD 2560Golden Information Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%. Gold prices fall despite stronger US Dollar amid economic slowdown signs. US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief. Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473. Price Tag 1. >>2440>>> 2. >>2535>>> 3. >>Short-term up>>2630
OANDA:XAUUSDShort
by AngelScalping
XAUUSD STRONGINTRO Current Status 1.Gold prices fall despite stronger US Dollar amid economic slowdown signs. 2.US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief. 3.Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473. Gold price is upwardly biased, even though momentum shifted in sellers’ favor and opened the door for a drop to $2,470. The Relative Strength Index (RSI) hints that buyers are in charge, but in the near term the yellow metal could weaken. In that event, if XAU/USD drops below $2,500, the next support would be the August 22 low at $2,470. Once surpassed, the next stop would be the confluence of the August 15 swing low and the 50-day Simple Moving Average (SMA) near the $2,427-$2,431 area.
OANDA:XAUUSDShort
by AngelScalping
4
RUNEUSDT: Could This Bearish Structure Signal a Major Move?Yello, Paradisers! Are you ready to catch the next big move in RUNEUSDT? Let's dive into the details. 💎RUNEUSDT is currently following a bearish market structure, making it an ideal candidate for short opportunities. Recently, we’ve seen the formation of a Head and Shoulders pattern right after RUNEUSDT touched the bearish Order Block (OB) zone. This pattern strengthens the likelihood of a bearish continuation, but we need a breakdown with a candle close below the support zone for confirmation. This breakdown would also indicate a Change of Character (I-CHoCH) toward the bearish side in lower timeframes. 💎Now, if the price rises from the support zone, there's a chance we could see a potential Double Top pattern form at the bearish OB zone. Again, confirmation through an I-CHoCH is crucial before taking any action. 💎However, if RUNEUSDT breaks out above the bearish OB zone, it’s best to step back. There’s no bullish setup in play at the moment, so sticking to our rules is essential for long-term success. Remember, disciplined trading is the key to consistency. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Nathan